News Formal

Competition Commission asked to justify SAA-Takatso merger recommendation

  • 📰 ewnupdates
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 53%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Last month, the commission gave provisional approval of the merger which would see Takatso buy 51% of SAA.

JOHANNESBURG - The Competition Commission has had to justify its recommendation on the South African Airways Takatso Consortium merger.

The commission has now referred the deal to the Competition Tribunal, which is having hearings on Tuesday. The tribunal has spent the morning hearing competition-related submissions on the Takatso Consortium merger, including how divestiture of two subsidiaries will address the commission's concerns on competition.

Takatso has also had to reassure the panel that it would still be able to manage SAA optimally without its subsidiaries.In its recommendation, the commission made no merger-related retrenchments one of the conditions one that Takatso has accepted.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 30. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Competition Tribunal hearing into the SAA-Takatso merger underway | The CitizenDay one of a two-day hearing into the merger between Takatso Aviation Consortium and South African Airways (SAA) is underway at the Competition Tribunal in Pretoria. 👨‍⚖️👨‍✈️ Here's what happened TheCitizenNews
Källa: TheCitizen_News - 🏆 6. / 75 Läs mer »